Nonferrous metals generally fell overnight, LME lead prices dropped [SMM Lead Morning Comment]

Published: Feb 06, 2024 09:50 (GMT+8)

Save

SHANGHAI, Feb 6 (SMM) -

LME lead opened at $2140/mt and fell during the Asian trading hours yesterday. During the European trading hours, LME lead briefly hit the lowest of $2106/mt, closing down 1.43% at $2106/mt overnight.
The most-traded SHFE 2403 lead contract opened at 16205 yuan/mt and fell to the lowest point at 16125 yuan/mt. SHFE lead rose slightly and finally closed at 16150 mt, down 45 yuan/mt or 0.28% overnight.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

【Flash | InP-Integrated AI Optical Engines Enter Volume Shipments】

NewPhotonics and Tower Semiconductor announced high-volume shipments of laser-integrated optical engines for AI infrastructure. The 800G and 1.6T PICs use Tower’s PH18DA silicon-photonics platform with heterogeneously integrated InP components, enabling lasers, SOAs, modulators and photodetectors on one chip. Volume shipments of 6.4T NPO chipsets are planned for H1 2027. SMM believes this signals that AI optical-interconnect demand is translating into InP device demand, supporting high-purity indium consumption. However, shipment volumes and InP intensity were not disclosed, so the near-term indium uplift cannot yet be quantified.

1 hour ago

7 hours ago

With Mid-Autumn Festival & National Day approaching, what are the holiday arrangements for lead-acid battery enterprises in 2026? [SMM Analysis]

[SMM Analysis] As the Mid-Autumn Festival and National Day approach, what are the holiday arrangements for lead-acid battery enterprises in 2026? SMM, September 25: According to the General Office of the State Council's notice on the holiday arrangements for 2026, this year's Mid-Autumn Festival holiday runs from September 25 to 27, a total of 3 days; the National Day holiday runs from October 1 to 7, a total of 7 days......

7 hours ago

18 hours ago

How will scrap battery recyclers' holiday schedules and purchasing/sales pace look during the 2026 Mid-Autumn Festival & National Day double holiday? [SMM Analysis]

18 hours ago